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AFT7 Trailing Stop Loss Configuration

Thomas Leeson
Updated

AFT7 Trailing Stop Loss Risk Adjustment

How to setup the AFT000 Algo Pro Trader trailing stop for AFT7 is easy when you know how. Editing the trailing stop loss mode and offset size allows you to increase or decrease your trailing stops for each bracket 1 to 4.

Pre-requisites:   

  1. Start NinjaTrader 7 with AFT7 installed
  2. Connect to intraday data
  3. Open the Workspace Session Open Breakout or Trend Reversal,
  4. Using the AFT7 NinjaBuddy Trade Manager
    1. Access the parameters from the provide settings template
    2. Edit the parameter values
    3. Save your own settings template
  5. Experiment with the settings on the sim account and place trades to see the effect of settings
  6. Save the changes to workspace with a name of your choice to prevent periodic updates overwriting your changes.

Related AFT7 Core articles to view

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AFT7 Basic Trailing Stop Loss Concepts

  1. Static Stop Loss - ticks  entered by the user/trader
  2. Dynamic/ Adaptive Stop Loss - (Such as volatility adjusted  by a coefficient/multiplier)

Trailing Stops

  1. Stop Loss orders are placed initially as defined here AFT7 Stop Loss and Risk Setup
  2. Breakeven Stop Loss Rules might also trigger
  3. Trailing Stop Rules will trigger based on profit 
  4. Each Trail Stop 1 to 4 works for each of the 1 to 4 target brackets

To change and save a trailing stop, its the same way for all settings -  simply open and edit the trailing stop offset  or trailing stop mode property for the bracket you want  then and save your own template and your own workspace.

Brief overview of trail stop loss adjustment

  1. Click the settings menu 
  2. Select the stop loss tab
  3. Edit Parameters #603 to #606  or click the advanced view to in depth descriptions

Parameters Group #603  to #606 Stop Loss Trail Setup

There are up to 4 targets and stop loss legs, brackets so can control each one independently.
By default HiLo and USAR Band Trailing stops are set.   options 1 to 3 are recommended .
Note:  4 and 5 are specific to signal type 1 and 4 only and should not be used unless you are an advanced user really understand the premise.

Parameters Group #603 Stop Loss 1 (Trade Bracket 1)

  • #00A: Stop Loss 1 Trail Mode:
    • 0:Off
    • 1:Last Price
    • 2:HiLo Max/Min
    • 3:AFT001 VARI Trail Stop USAR Level 1 to 4
    • 4:AFT001 VARI Trail Stop Bands Level 1 to 4  (Advanced users only)
    • 5:AFT001 VARI Trail Stop Grid Step Level 1 to 4 (Advanced users only)
  • #10A: Stop Loss 1 Trail Mode:1 Trail Market Price by 1 to 10 Ticks +/- the Trail Offset
  • #10A: Stop Loss 1 Trail Mode:2 HiLo Max/Min - the min low and max high of N Bars 1 to 10 +/- the Trail Offset
  • #10A: Stop Loss 1 Trail Mode:3 USAR Level 1 to 4 +/- the Trail Offset - to visualize the USAR Trail Stop Lines on the chart set the plot colors of the AFTOO1 SFG USAR Combo - VARI Trail Stop USAR
  • #10A: Stop Loss 1 Trail Mode:4 VARI Trail Stop Band Level 1 to 4 +/- the Trail Offset- to visualize the Bands on the chart set the plot colors of the AFTOO1 SFG USAR Combo - VARI Trail Stop Band
  • #10A: Stop Loss 1 Trail Mode:5 SFG Grid Stepping Trail Level 1 to 4 +/- the Trail Offset- to visualize the Bands on the chart set the plot colors of the AFTOO1 SFG USAR Combo - VARI Trail Grid Step
  • #10B: Stop Loss 1 Trail Mode Lookback: Stop Loss 1 Trail Mode Lookback
  • #10C: Stop Loss 1 Trail Trigger Mode:
    • 0:Ticks
    • 1:Target 1
    • 2:Target 2
    • 3:Target 3
    • 4:Target 4
    • 5:SFG10%
    • 6:SFGLevel%
  • #10C: Stop Loss 1 Trail Trigger SFG Level: SFG Level 31% of the grid +f31%  or -F31% etc.
  • #10D: Stop Loss 1 Trail Trigger Mode Multi: Multiplier - to increase or decrease the value -5 to 5
  • #10E: Stop Loss 1 Trail Trigger Ticks: Trigger Ticks user defined
  • #10F: Stop Loss 1 Trail Offset Mode: Trail Offset Calc Mode 0:Ticks, 1:SFG10%
  • #10G: Stop Loss 1 Trail Offset Calc Mode Multi: Offset Calculation Mode Multiplier - to increase or decrease the value -5 to 5"
  • #10H: Stop Loss 1 Trail Offset Ticks: User Defined Stop Loss Trail Offset Ticks

AFT7-Trailing-Stop-Loss-Adjustment-Overview.png

AFT7 Properties Advanced View for Trailing Stops

AFT7-Trailing-Stop-Loss-Adjustment-Advanced-View.png

Save the template and save the Workspace with a new name

AFT7-Trailing-Stop-Loss-Adjustment-Save.png

 

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